Chapter 735 — Alternative Insurance
ORS 735.642 License suspension, revocation or failure to renew; grounds; effect
The Director of the Department of Consumer and Business Services by order may suspend, revoke or refuse to renew a license issued under ORS 735.634 if the director finds in writing that:
Any fact or condition exists that, if the fact or condition had existed at the time the licensee applied for a license to operate as a discount medical plan organization, would have been grounds for the director to deny a license to the licensee;
The licensee’s license or other authority to operate as a discount medical plan organization in another state has been suspended or revoked or has not been renewed.
After the director issues a final order to suspend or revoke a license, the person subject to the order may not conduct further business as a discount medical plan organization in this state. Immediately after the director issues a final order suspending or revoking a license, the person subject to the order shall:
Cease operations as a discount medical plan organization in this state;
Cancel all pending transactions with plan members and refund any fees, service or subscription charges, dues or other consideration collected in exchange for services the person would have provided to plan members in connection with a discount medical plan after the effective date of the final order suspending or revoking the person’s license; and
Wind up all business conducted in connection with the person’s operations as a discount medical plan organization in this state, if necessary.
Note: See note under 735.631.
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Provenance
2025 Oregon Revised Statutes — official online source
Official online edition
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Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source